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for the markets and today, more big swings, michelle. >> let's break it down. joining us is jim mcdonald from northern trust global investments. this week, overall, so far, looks pretty negative. you went into the year very positive. you still positive, despite these two big sell-offs this week? >> we are. i think what's happened today, for example, we've gotten a one-two punch over concerns between european credit and also some worries about the global growth environment. we think we may have a little bit of a pause here, but we're going to see continued growth through the year. it will be rewarded by take risk in the stock market. >> why? >> because with growth keeping up and inflation being under control, monetary policy is going to stay very easy, and we see that as being something that's going to lead to equity returns being positive. >> you have to admit, we've had a very good first quarter, 10% gains for most of the averages, 15% at the most extreme. aren't we due for a correction of some kind? >> well, we could absolutely have a pause here and a small correction wouldn't be off the re
thing in the world can happen to a city and dumb sportscasters will go, three hours, jim, this city forget there was a nuclear blast. >> something different was going on there. >> here, it can only happen in boston because boston is a one sports team town. at the end of the day, the sox that pull the entire team together. >> fenway. >> and fenway, the cathedral to a city. it had to be an amazing day there. >> it was. it was an amazingly emotional afternoon. it was a cathartic moment. a baseball game happened to have been played but it was if a tiny basilica on the back bay and the region was attracted to it. the suspected suspect had been successfully captured the evening before. neil diamond called the red sox switchboard. >> are you kidding me? >> called the red sox switchboard and said i'm in town, my name is neil diamond. i'd like to come and sing the song and he showed up. >> wow. >> to the surprise -- >> which, of course, people are watching that don't know, that's been a tradition. >> yeah, for a long, long time, many years. middle of the eighth inning, they sing it. >> it's
's jim dickey has some answers. >> good morning, john, diana. tracking a cold front. pushing eastward, seeing soaking rainfall this morning across portions of the midwest. and snow in the ohio valley, and snow in the twin cities, into wisconsin. back on into denver. good news is the snow does wind down but not before many spots have picked up as much as 6 to 12 inches of snow, twin cities area up into canada. this is while we are seeing soaking rainfall here. many of the spots. river levels fall from record levels. flash flooding, major concern where the rain is falling. but all of the rain, all of the floodwater continues to filter down the mississippi. many spots southward still watching the rivers rise. widespread major flooding ongoing here through the week. john and diana, back to you. >> jim, thank you. >>> to boston now where top officials have kicked off fund raidsing. efforts for the victims of the marathon bombing. >> that's right. the one fund boston has already gotten $1 million commitment from the john hancock insurance company. you can see the number one prominently on t
your bank of america stock or selling it? here to discuss this, jim senegal, financial services analyst from "morningstar". thank you for joining us. what do you think of the report in the first place? banks manipulate the numbers for instance, moving loan-loss reserves over to the balance sheet. other banks have done that. can we believe numbers and are banks worse perhaps than we believe with bank of america? >> bank of america did release some reserves. that is something all the banks are doing. it is something i don't think a lot of investors look at. there is some help to the bottom line there. other than that it was a pretty clean quarter, asking considering all of the unusual charges for bank of america has had in the past few years. i think the problem is, the earnings really aren't anything to get excited about. even though bank of america's problems are receding into the past they're still not making a lot of money and a lot of that has to do with the macroeconomic environment. adam: when you talk about problems receding into the past, the big problem would be countrywide. i t
a jim demint exit at exit security system as well as economic conditions is a good thing. a variety of economic legislation in this are good on balance. >> i want america to win. >> me too. craig huey about how the u.s. is not using immigration policy effectively and as many other countries are to improve economic growth. what countries did you see as doing a good job? numbers, look at the it's in my written testimony, under core visas are for economic reasons at the moment. given the paramount need for economic growth, that cuts across our ability to deal with all our policy challenges, those will all be easier with faster economic growth. focusing on that makes more sense. other countries, we have charts in the written testimony, have a high percentage. other countries that have made reforms recently like the united kingdom looking to do this. if you look at the countries that are struggling right now and likely to fail, dejapan. europe, the exception is germany, which has undertaken a particular percentage of turkish labor. we have to recognize economic reality and adjust our pol
Search Results 0 to 4 of about 5